Tesla stock falls almost 7% amid bad vehicles production

Thursday, 03. October 2019 16:25

Tesla stock went down by almost 6% on Thursday after the company’s release on vehicle-production data disappointed.

The automaker said it produced 16,318 Model S/Xs and 79,837 Model 3s, while the number of deliveries for the cars stood at 17,400 and 79,600 respectively.

In their announcement, they said that their delivery count should be viewed as “slightly conservative,” as they only count a car as delivered if it is transferred to the customer and all paperwork is correct. At 10:22 am ET Tesla stock was down 6.08% to $229,4. In the last six months, it went down by 22.26% while on a monthly basis it was up by 0.82%.

Related Links: Tesla Inc.
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